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Oregon has an income tax but no state sales tax, while Washington has no state income tax but does have a state sales tax. Oregon residents can deduct the state taxes they pay (the income tax payments) from their federal income taxes, while Washington residents cannot deduct the state taxes they pay (the sales tax payments). Governor Wolf has proposed raising personal income taxes for incomes over $50K and raising state sales taxes while lowering property taxes (also deductible on federal income taxes). What are the potential equity implications of this proposal?
Illustrate what is the minimum price necessary for this firm to produce any output in the short run.
Describe the Stolper-samuelson theory of trade. How does it differ from the factor endowment model? What are its predicted effects on wage-inequality in (a) industrialized countries that are capital abundant and (b) developing countries that are labo..
A market has a demand curve described by P=26-Q, a supply curve described by P=10+Q, and a price ceiling of 12. Calculate the Total Surplus of the market with the price ceiling.
An individual, who has income I, cares only about two goods: X and Y. Their prices are Px and Py, respectively. The individual's utility function is U(X,Y)=aln(X)+(1-a)ln(Y).
Explain game theory and how you can apply the concepts in your life and work now and in the future? How does game theory relate to competitive advantage?
In 2014 in a country with a labor force of 100 million, 6 million people were unemployed. In 2014 the number of unemployed people increased to 7.750 million. Assuming that the labor force did not increase in 2014, use the Okun’s law and formula predi..
You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices.
Examine KANO Analysis of customer requirements also come up with some questions (also answers) concerning it.
Fill in the column of marginal products. What pattern do you see. How might you explain it. Compare the column for average total cost and the column for marginal cost. Explain the relationship.
Which of the following is not a condition for a firm to engage in price discrimination? (Note: the question and answer choices seem to be worded to make it confusing)
q.suppose that the supply curve of healthcare ser-vices is perfectly inelastic i.e. vertical. analyze the impact of an
A manufacturing company produces steel housings for electrical equipment. The main component part of the housing is a steel trough that is made out of a 14-gauge steel coil. Construct a frequency distribution and a percentage distribution. Construct ..
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